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Monika Schnitzer

German economist

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  • Jun 22

    German pension commission proposes raising retirement age and ending 'Rente mit 63'

    A government-appointed commission has recommended raising the retirement age in line with life expectancy and scrapping early retirement without deductions after 45 years of contributions, as part of a package of over 30 proposals to be handed to Chancellor Friedrich Merz on Tuesday.

  • Jun 22

    Germany's pension commission hands over 33 proposals as Merz and Bas pledge full adoption

    Chancellor Friedrich Merz and Labour Minister Bärbel Bas on Tuesday committed to implementing all 33 recommendations of the pensions commission in their entirety, calling the package a 'Gesamtkunstwerk' that can only work as a whole.

  • May 27

    German Economic Advisers Slash 2026 Growth Outlook to 0.5%, Warn Social Charges Could Hit 50% of Wages

    The Council of Economic Experts cut its GDP forecast to 0.5% for 2026, blaming the Iran War’s surge in energy prices, and warned that social security contributions could reach 50% of income by 2040 without deep reforms.

Today’s Brief

Hormuz shut, Toronto choked

Washington widens Iran campaign as Kyiv reshuffles and smoky cities confront heat

The day’s main stories share a hard edge: governments are taking bigger risks and asking citizens to trust them. War widened in the Gulf, Ukraine changed hands at the top of its defence ministry, and smoke turned North American summer into a public-health warning.

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European Union · Updated now

The Green Deal under revision

The latest findings reinforce the ongoing shift towards pragmatic implementation and industrial competitiveness in the EU's Green Deal, without introducing new discrete events or policy changes.

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